Specializing In The Sale of Accommodation & Commercial Properties Throughout Florida & The WorldFrom (5) Rooms to (500) and Beyond

If you enjoy seeing beautiful Inns, B&Bs, Motels, Hotels and Commercial Propertiesof all kinds, you have found the right website!Whether you want to be an innkeeper, landlord, or investor
you are invited to browse our many listings. B&B/Inns | Motels | Hotels | Commercial Properties

We have one of the most powerful
Marketing programs in the world. Why not let one of our professionals
do an Evaluation for you?

Featured Property of the Month! Click on picture for more details

West
Coast Florida Island Motel#5322RHB1
$ 750,000

Current Market Trends

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The current market for B&B's, Motels and Hotels is
very different today than it was in the late 90's and early 2000's.
Banks are virtually out of the market for financing these purchases.
As an owner, you need to consider "owner financing" if you
truly want to sell. As a buyer, you need near perfect credit, experience
operating Hospitality Properties and purchase these properties based
on their ability to make money. Real Estate value alone is generally
not a reason for purchasing a Hospitality Property.

The one "Shining Light" on the market is the Small Business
Administration's Guarantee Loan Program. If the property you wish to
buy or sell meets bank underwriting guidelines, the chances are fairly
high that financing can be secured.

Guidelines vary, bank by bank and often better deals are to be had
by shopping around for financing. All lenders base their decisions to
fund you on the following general principles. 1) Credit: a credit score
of 680 or less won't work 2) Character: a solid resume for your life's
work is required showing how you have acquired your Hospitality Experience
3) Cash: Most lending institutions today are going to go for the most
possible down payment. Right now market most likely will start with
35% down. 4) Collateral: As always, lending institutions will try to
secure as much of your assets as possible as protection against your
possible default no matter how strong a borrower you may be.

In the case of sellers, you in essence need to become the bank in either
the form of a 2nd mortgage or a Promissory Note. This process helps
lower the Lenders' Loan to Value Ratio and makes the deal more interesting
to the Bank. For example, selling price = $1,000,000, Seller Down Payment
(35% $350,000), 2nd Mortgage (Provided by Seller)$150,000, Lender Mortgage
$500,000.

The above equates to a 50% loan to value from the lenders perspective.
In Commercial real estate, most lenders consider secondary financing
as equity, i.e., same as the seller putting up more cash.

If the above seems somewhat complicated, welcome to the "Club!"
One of the things you can expect if you work with us as either buyers
or sellers is the guidance and direction you will need to accomplish
the sale or purchase of your Hospitality Property.

Please have a look at our offerings. Feel free to ask questions and
make inquiries."

All the best in your search,
Russ Rodgers

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